QUESTION 6 (12 Marks)

Presented below is selected Financial Information for Karaphillis Company:

	2020	2019
Net Sales	$950,000	$875,000
Cost of Goods Sold	$456,000	$412,000
Gross Profit	$494,000	$463,000
Operating Expenses	$372,000	$365,000
Operating Income	$122,000	$98,000
Interest Expense	$46,000	$44,000
Net Income	$76,000	$54,000
Total Assets	$520,000	$480,000
Total Liabilities	$312,000	$245,000
Common Shareholders Equity	$170,000	$150,000
Preferred Dividends	$26,000	$26,000

Required

Calculate the following ratios for the year 2020.

1. Debt Ratio
2. Gross Profit Percentage
3. Return on Net Sales
4. Asset Turnover
5. Return on Total Assets
6. Return on Common Shareholders Equity